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I ... I'm not sure what Barron's magazine are here today with Scott seagull Financial Advisors J P Morgan Securities an expert in fixed income ... the last three-year Scott's been on Barron's list of Top one hundred advisors ... Scott and joining us thank you for the group ... I wanna talk to you about the fact that historically low interest rates these days investors have been gaining Priceline Orbitz teens about bonds ... I'm in fact in the last few weeks the scenes were about ... to start a rotation ... of ... EADS's stocks and away from bonds to sort of degree rotation ... into stocks of investors and waiting for ... cool actually and this is a win-win important that the Fed is obsolete and kanna steering investors in a correction by ... of course making long-term rates ... you know very low by their near their father ... Kiwi on purchasing programs that interest rates to those low as they've been ... investors have been clamoring to get returns ... and the net result is in the palm ... of bonds and ... deals a blow ... and as results day if they think of a ... movement towards equities ... for higher returns at how much how much choice elsewhere or eat it you know ... what are the other choices I mean you guys what he finds ... Treasury yields are extremely low and long-term yields under three percent ... of municipal bond yields also are very low ... and you know so overall in general ... for clients Entercom accounting and dividends ... to come to maintain the lifestyle ... they really been forced to look at areas such as former space investments like ... these are an impact with that risk you know ... what happens these investors have been forced to take on extra risk ... well you know only what happens is or put in a position where ... they are buying us the classes which by nature ... from our respondents tempering the coalition is heavily weighted and ten ... but you know in order to maintain the lifestyle ... in order to generate a return that they need ... their leaning more towards his restaurants ... are you is bullish about stocks these days is it seems like a lot of other advisers are these are still a justification from turbines in today's low interest world well I remind you is that we we do clients that clearly are equity investors and we are always active in the markets ... with that said ... our clients that basically your accounting and finance or accounting for steady stream of income ... we still find that there are values in the bond market ... that makes sense for them to the investing and not moving over to sell ... into some examples of what you guys still like today in the core corporate bonds but specifically high yield corporate bonds ... and the shorter maturity corporate bonds ... and I'm what are you doing now ... what is ... still likely means I know that for a long time it's been a big area in the news of what we've always been known to be very active in the muni market rate now it is to love me and is home to know for certain scenarios where we will find means that we like ... and certain structures that we like ... but overall rate now our focus is really on finding ... no higher coupon ... you know shorter duration tournament turned ... higher in high yield corporate bonds ... and just looking at the overall ... portfolio for typical client now where are you guys right now ... to harass like it ... I would say we're probably in the range of a fifty fifty ... which is really not to December when it's been in the past the Kiwi difference though is is that we're looking from a corporate bond standpoint ... we're moving armature is a much closer to czar general feeling is ... his own reached a low ... um we don't know how long this tale opens on the Fed actions undercurrent ... but also in our view is that some when rates are going to rise ... we wanna make sure that were really protecting you know assets by staying shorter and on the car ... see the painter John S ... is still there ...